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Dubai property market buoyant in the face of global recession

Posted on 22 October 2008

The Dubai property market looks set to remain strong in spite of the wider economic downturn and the credit crunch contributing to declining property markets in other regions, according to online Dubai real estate hub Estates Dubai.

While the credit crunch and the impending global recession have resulted in falling property prices, sluggish demand and financing difficulties in most parts of the world, the Dubai region has remained strong, and development in both residential and commercial properties has continued at a strong pace….. Full Press Release: Source


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